sec.268Power to require financial records

sec.268 Power to require financial records

This section applies to a person who is the manager or other principal officer at a place of business of a financial institution at which a general operator keeps an account relating to the operator’s operations. An inspector may, by written notice given to the person, require the person to give to the inspector, within the time (not less than 7 days) stated in the notice— a statement of account for the account; or copies of cheques or other records relevant to the account; or other particulars or documents relevant to the account stated in the notice. An inspector may make a requirement under subsection (2) (a financial records requirement ) only with the written approval of the chief executive. (sec.268-ssec.1) This section applies to a person who is the manager or other principal officer at a place of business of a financial institution at which a general operator keeps an account relating to the operator’s operations. (sec.268-ssec.2) An inspector may, by written notice given to the person, require the person to give to the inspector, within the time (not less than 7 days) stated in the notice— a statement of account for the account; or copies of cheques or other records relevant to the account; or other particulars or documents relevant to the account stated in the notice. (sec.268-ssec.3) An inspector may make a requirement under subsection (2) (a financial records requirement ) only with the written approval of the chief executive.

• (a) a statement of account for the account; or
• (b) copies of cheques or other records relevant to the account; or
• (c) other particulars or documents relevant to the account stated in the notice.